Title 12 — Autonomous Agencies
37 chapters · 1,201 sections in this title.
12 GCA § 62100 Limited Qualifying Certificate
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A Limited Qualifying Certificate is an instrument valid for not more than two (2) years issued by the Chairman of the Board upon recom- mendation of the Board to a beneficiary who has qualified for a tax rebate under this Chapter. SOURCE: Added by P.L. 19-19:25.
12 GCA § 62101 Same: Eligibility
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Any person shall be eligible for a Limited Qualifying Certificate who has received compensation for land takings from the United States pursuant to the Omnibus Territories Act of 1977 (the Act). SOURCE: Added by P.L. 19-19:25.
12 GCA § 62102 Same: Rescission
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A Limited Qualifying Certificate may be rescinded for fraud or misrepresentation of any material allegation in the application for such Certificate. SOURCE: Added by P.L. 19-19:25.
12 GCA § 62103 Same: Application
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Applications for Qualifying Certificates shall be filed on forms prescribed and furnished by the Corporation. SOURCE: Added by P.L. 19-19:25. COL120106
12 GCA § 62104 Rebate
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Each beneficiary of the Limited Qualifying Certificate shall receive a rebate of one hundred percent (100%) of all income tax paid to the government of Guam on any payment by the United States as compensa- tion for land taking pursuant to the Act. SOURCE: Added by P.L. 19-19:25.
12 GCA § 62105 Same: Claim
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To claim the rebate, the Beneficiary shall attach a certified true copy of the Limited Qualifying Certificate to his Guam income tax return when filing it. The amount of tax due prior to rebate shall be deposited with the Treasurer of Guam at the time of filing the income tax ret…
12 GCA § 62106 Rules
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The Director of Revenue and Taxation may issue such rules as are deemed necessary to implement the procedures outlined in this Chapter. SOURCE: Added by P.L. 19-19:25.
12 GCA § 62107 Fee
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An application fee of Five Dollars ($5) shall accompany each application for a Limited Qualifying Certificate. SOURCE: Added by P.L. 19-19:25. ---------- COL120106